Riyadh: The Small and Medium Enterprises General Authority (Monsha’at) announced today the signing of a memorandum of understanding (MoU) with the Japan External Trade Organization (JETRO) during the first day of the Biban Forum, held under the theme ‘A Global Destination for Opportunities’ from November 5 to 8.

According to Saudi Press Agency, the MoU was signed by Deputy Governor for Entrepreneurship at Monsha’at Saud bin Khalid Al-Sebhan and Chairman and CEO of JETRO Norihiko Ishiguro.

The MoU aims to strengthen cooperation in the field of entrepreneurship between Saudi Arabia and Japan by fostering knowledge exchange, inviting both parties to specialized events, and supporting joint initiatives and projects that empower enterprises to access new markets.

The release added that this collaboration aligns with Monsha’at’s efforts to enhance international partnerships and create new global expansion opportunities for Saudi entrepreneurs, in line with the goals of Saudi Vision 2030.